The Evolution Of Economic Policy In The U.S.

History Now. The Historians PerspectiveThis is a thoughtful essay on the tangle over the years between Classical and Keynesian Economics. The origins of both are discussed as well as the favor for each that's been passed back and forth throughout the twentieth century. In the midst of the recent crisis a debate rages again as some perceive a failure in the markets and the need for government intervention. As the worst seems past, the balance in our economy between the two theories continues to be a contentious issue.

Who Will Drive The 21st Century Economy?

Throughout world history, the global economy has been led for large segments of time by a dominant country or region. The diagram illustrates the periods of leadership dating back to the beginning of A.D. The article points out the likelihood of a leadership transfer as we emerge from the global financial crisis and forge a new century.

Top Tax Rate By President

Federal Debt To GDP

New Financial Regulations Sweeping But Not Game Changing

The new financial regulations expected to be signed into law will create a revenue rollback for the major banking firms like JP Morgan Chase. But no one is mistaking this legislation for the dramatic changes spawned by the Great Depression. This article addresses the policy modifications and the new expectations Congress has for the industry. JP Morgan Chase will be one of the most affected firms because they have significant interests in all areas of banking.

The Origins Of The American Stock Market

The NYSE is a technical wonder now days moving billions of dollars daily between capital interests. This essay points out the humble beginnings of the stock exchange in America and how it evolved.

Roosevelt Recession Reprise?

In 1937, thinking the economy was back on its feet, the Roosevelt administration began a return to austerity after the "extravagant" spending of the New Deal. The result was a double dip with unemployment levels returning to 17% and the GDP contracting. The mood in Washington now is to reign in deficits and roll back the stimulus. The author of this article believes it to be premature and that it will stir the ghosts of 1937.

China's Real Estate Bubble

There's a lot of pressure being placed on China to allow its currency to appreciate. This is reminiscent of the pressure placed on Japan in the mid-1980s that served as the lead move toward its eventual lost decade. The link takes you to an article from a Japanese economist offering China some advice.

Talking Business - Financial Mistakes, Doomed to Be Repeated - NYTimes.com

Talking Business - Financial Mistakes, Doomed to Be Repeated - NYTimes.com

PBS American Experience/Crash Of 1929 (video)

Click on the title above and you can access an online version of the great documentary of the Crash.